by admin | Aug 24, 2011 | Investment Performance Guy, News
In yesterday’s WSJ, William McGurn wrote about adhering to codes of conduct, and began by citing West Point’s code: “A cadet will not lie, cheat, steal or tolerate those who do.” As a former Army officer who served with many “ring...
by admin | Aug 23, 2011 | Investment Performance Guy, News
In this past weekend’s Wall Street Journal, Carl Bialik’s article, “Technology Can’t Save Us From Math Mishaps, brought home the problems we face daily in trying to ensure a relatively high degree of accuracy in the information we report.He...
by admin | Aug 22, 2011 | cash flows
Earlier this month I commented briefly on the question of netting same day cash flows. And, as promised, I expanded this topic in this month’s newsletter. I must confess that the analysis helped me gain greater appreciation for the proper treatment of cash flow...
by admin | Aug 19, 2011 | benchmarks, GIPS, Global Investment Performance Standards
A client alerted me about a new Q&A that is on the GIPS(R) (Global Investment Performance Standards) website. I’ll save you the trouble of looking it up, and provide the particulars here. First, the question: “For one of our composites, we use a...
by admin | Aug 18, 2011 | Investment Performance Guy, News
The revelation that the U.S. Justice Department is now investigating S&P’s ratings of pools of mortgage backed securities is perhaps totally unrelated to S&P’ recent downgrading of the U.S. government’s credit worthiness, but the timing does...
